Friday, March 29, 2024
News

African Development Bank approves $135 mn loan to help Morocco's recovery

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Rabat | Thursday, 2021 8:45:06 PM IST
The African Development Bank (AfDB) has approved for Morocco a loan of $135 million to stimulate recovery in the post-Covid 19 era, the official news agency MAP reported.

The Board of Directors of the AfDB Group approved the loan to help the North African country by implementing financial inclusion, entrepreneurship, and support programme for small and medium-sized enterprises, the report published on Wednesday said.

Additionally, the loan will also enable companies in financial difficulty to resume their activities and safeguard jobs, Xinhua news agency reported.

--IANS int/sks/bg

( 101 Words)

2021-11-25-14:42:03 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Availability and cost of capital most im...
Religare Enterprises Ltd. (REL), Sir Gan...
BD India Launches UltraTouch; a New Age ...
The Art of Living upgrades its Bengaluru...
Introduction of T+0 rolling settlement c...
EC-Council Renews USD 3.5 Million Cybers...
More...
 
INDIA WORLD ASIA
Eknath Shinde's Shiv Sena releases first...
Jailed gangster-turned-politician Mukhta...
Chennai: Three dead after false ceiling ...
'Three parties have allied directly...':...
AAP workers protesting against Kejriwal'...
TMC leader Mohua Moitra skips 3rd ED sum...
More...    
 
 Top Stories
8 people killed after pickup truck ... 
IPL 2024: Rishabh Pant feels 'disap... 
Eknath Shinde's Shiv Sena releases ... 
"Thought we could win series": Craw... 
"There's no one better in India to ... 
Jailed gangster-turned-politician M... 
Chennai: Three dead after false cei... 
I-League: Aizawl blank Churchill, c...